RBI cancels Banaras Merchantile Co-operative Bank's license citing financial instability. Depositors to receive up to Rs 5 lakh from DICGC. Bank lacks capital and earning prospects, leading to liquidation.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.